Chapter 996 Enthusiastic Goldman Sachs
“We are firmly on your side, Your Highness, the Pilot Group’s previous practices have exceeded the bottom line...”
Next, Barron also met with Goldman Sachs Group CEO Lloyd Blankfein and others , and the other party immediately expressed his stance on Barron...
Of course, Barron did not take his stance too seriously. After all, he understood that Goldman Sachs, as the most adept at assessing the situation among Wall Street capital, is also the best at judging situations. The softest thing is that the other party's choices are all based on interests.
If the final result is that Barron died in that assassination, there is no doubt that Lloyd will happily lead Goldman Sachs to join the queue to share the assets of the "DS series", and will rush even more Come forward.
Although Goldman Sachs Group was originally founded by Jews, it is not a supporter of Zionism (Zionism). For Goldman Sachs, nothing is more important than profit. For profit, they can even embroider the red flag... …
And its current head, Lloyd Blankfein, is not a Jew, but comes from a lower-class family in Brooks, New York...
It can be said that the interests of Goldman Sachs Group are now relatively deeply tied to Barron’s. Through IC Capital, it directly holds 9% of the shares of Goldman Sachs Group, plus including Standard Chartered-Merrill Lynch Group and Barron can control more than 17.5% of the shares of Goldman Sachs Group's shares held by DS Group's related funds, and has two voting rights on Goldman Sachs Group's board of directors.
In comparison, Vanguard Group is no longer the largest shareholder of Goldman Sachs like it was in the original time and space. Together with BlackRock Group and State Street Group, their total shareholding in Goldman Sachs Group has just exceeded 12%, just one vote on the board of directors of Goldman Sachs Group.
This is why when Barron's initially fought back against the short-selling behavior of these three capital companies, Goldman Sachs Group did not hesitate to join in - to make money, of course you must seize the opportunity. Goldman Sachs is really good at assessing the situation. They like to be in the winning camp. If they find that they are on the wrong team, they will rebel without any psychological pressure.
Just like now, Lloyd's attitude towards Barron can be said to be extremely affectionate. After all, in the financial field, compared to the Standard Chartered-Merrill Lynch Group, Vanguard Group and BlackRock Group controlled by Barron, for capital Goldman Sachs poses a greater threat.
It can be said that these capitals have almost obtained the fund management business of all American public funds - once the emperor and the ministers, the Treasury Secretary of the United States is no longer the "former CEO" of Goldman Sachs. After the subprime mortgage crisis, especially BlackRock Group has acquired most of the money management business of American public funds, which also makes Goldman Sachs very unhappy.
On the contrary, the cooperation with Barron's has brought a lot of performance to Goldman Sachs. In addition to the financing and loan business that has continued from the beginning to the present, the underwriting business of the companies controlled by Barron's IPOs in the US stock market , will also bring Goldman Sachs, and these alone make them make a lot of money.
In the American market itself, it is impossible for Barron to face the crowd alone. He must weave his own network of relationships and form his own partners. Although partners can be trusted The degree is often debatable, but in many cases, a "well-intentioned and neutral" attitude is enough, not to mention that even After taking advantage, we still need someone to shout and shout...
“The U.S. stock market has experienced a strong recovery in the past two years. Although it experienced two troughs at the beginning of this year, I believe it will soon recover from this short-term decline. After recovering from the epidemic, I think it is very wise for Alibaba to go public in the second half of the year.”
Prior to this, the successful listing of DailyVedio gave Goldman Sachs great confidence. Now what they are most looking forward to is the listing of Alibaba in the United States, which is regarded as the biggest IPO event this year. As Lloyd said, before this year, the U.S. stock market experienced an increase of more than 20% for the Dow Jones Index and the S&P 500 Index for two consecutive years, which also led to the outstanding performance of Goldman Sachs Group's investment banking and global market businesses. .
However, this year, first from mid-January to early February, the global emerging market currency exchange rate plummeted, triggering the first round of bear market in the US stock market. The Nasdaq index fell 5.8%, but the Federal Reserve meeting The market gradually stabilized after the interest rate meeting.
Then in March, the situation in Ukraine triggered a second wave of bear market. The Nasdaq index fell as much as 8.2%, but the S&P 500 and the Dow Jones index subsequently recovered their losses.
Daily Vedio chose to go public at the end of March and still showed an astonishing rise. This also gave Goldman Sachs great confidence in the investment enthusiasm of the market this year and began to look forward to the subsequent listing of Alibaba. .
You must know that Alibaba's performance and scale are not comparable to DailyVedio, and Goldman Sachs Group is also one of the underwriters of Alibaba's listing in the United States. Lloyd believes that by the time Alibaba goes public in the second half of this year, the market will be fully After recovering from the two small setbacks at the beginning of the year, they will be able to earn far more income from the stock business on DailyVedio.
Currently, Barron’s holds shares in Alibaba through DS Holdings (Cavendish Trust) and Rich23 Capital. DS Holdings holds 12.66% of its shares; Rich23 Capital holds its shares. 26.79% of the shares.
According to the promise of the boss of Barron Tongma, after Alibaba is listed, he will reduce his holdings of at least 10% of the 12.66% shares of Alibaba held by DS Holdings within one year (to be listed) The ratio before the additional issuance shall prevail). Therefore, in this Alibaba IPO, the stocks held by DS Holdings received the shortest 90-day lock-up period among all original shareholders, while other shareholders had the shortest lock-up period of 180 sky.
Originally, Boss Ma planned to sell this part of DS Holdings' shares during the IPO process, so that these shares would be included in the initial public offering and sold at the stock issue price.
However, Barron said that he was more optimistic about the performance of Alibaba's stock price after its listing, so he rejected the proposal.
According to Alibaba's prospectus, this public offering of stocks, in addition to the issuance of new shares, includes the sale of some shares including SoftBank, Boss Ma and his team.
Due to Barron's proposal to Boss Ma, Alibaba's listing this time was not as it was in the original time and space. It was originally planned to be listed in Hong Kong. After negotiations with the other party failed, the Hong Kong Stock Exchange still did not support Alibaba's listing. "Partnership System" - The "Partnership System" is designed to ensure that the founders and management team have greater control over the company, even if their shareholding ratio is not high.
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This system is inconsistent with the principle of "same shares, same rights" adhered to by the Hong Kong Stock Exchange, while the American capital market allows something like AB A dual-class share structure allows founders to maintain control of the company by holding fewer shares.
Therefore, Alibaba will be listed slightly earlier than the original time and space. It will not wait until September this year to go public, but will go public in the United States on July 18, which is much earlier than Barron's previous life. for two months.
(End of this chapter)